Is Binance safe for BVN?

Is Binance safe for BVN?

In short, yes, Binance US is legit.

Why does Binance need my BVN?

Identification and verification of all its users allow Binance to protect its users and prevent fraud, on top of meeting its AML/CFT obligations. By passing level 1 KYC verification, you can access to: Information required to move to Level 1 includes: Email.

How can I verify my Binance account with my BVN?

How to complete Identity Verification? A step-by-step guide

1. Log in to your Binance account and click [User Center] – [Identification].
2. Click [Get verified].
3. After that, click [Start Now] to verify your account.
4. You will then see the list of verification requirements for your specific country/region.

Can I use Binance without verification?

All new users are required to verify their accounts (i.e. Verified or Verified Plus) in order to access Binance products and service offerings, including cryptocurrency deposits, trades and withdrawals. This requirement took effect on 2021-08-20. Risk warning: Cryptocurrency trading is subject to high market risk.

Is Bitcoin trading legal in Nigeria?

While banks and other financial institutions are prohibited from dealing in cryptocurrencies in Nigeria, cryptocurrency has not been termed illegal, but it is unregulated. No specific regulation in Nigeria has declared cryptocurrency trading illegal or criminalized it.

Is Binance us safe?

Digital wallet options and security There have been no reported breaches at Binance.US, but the global Binance site reported in 2019 that hackers stole 7,000 bitcoins worth $40 million at the time. The company said it paid the losses in full to affected users.

How is Binance used in Nigeria?

To access the p2p trading as a Nigerian on Binance, you must verify your identity and enable SMS authentication. Click on the profile Icon. The interface shown is the p2p trading platform on Binance, where users can select the crypto assets to buy.

How do I withdraw Bitcoin to my bank account in Nigeria?

To withdraw bitcoin into your bank account, simply rush to the home page and click on “More” under your BTC balance. Click on an option termed “Instant Sell”, put in the amount you want to sell in naira or in BTC, and confirm the amount. After confirming the amount you continue.

Is Binance a Chinese company?

Binance was initially based in China, but later moved its headquarters out of China following the Chinese government’s increasing regulation of cryptocurrency. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

When will I receive the result of my Binance account verification?

You will receive the result in your email address within 1-3 business days. Please, be patient. 1. Log in to your Binance account. 2. Click the [Identification] button on the personal information tab as shown below: 3. Click the [Verify] button beside “Residential Address” under the Identity Verification section.

How do I verify my nationality on Binance?

Visit the Binance website and Login to your account, then click [User Center]- [Identification]. In the Identity Verification area, click [Verify]. After choosing the nationality, click [Start]. *Please ensure that all the information entered is consistent with your ID documents. You won’t be able to change it once confirmed.

What documents do I need to verify on bitbinance?

Binance verification documents should provide the following information: Country of residence. First name. Last name. Gender. it’s necessary to submit 1 or 2 pieces of government-issued ID documents such as: Passport. Driver’s Licence.

Is Binance safe to use?

Binance makes security one of their top priorities with extensive security features implemented to protect their users’ assets. Considering they’re based in the United States, they’re held to all of the United State’s currency exchange regulations as well.

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